
ACCT 10040
Professional Practice
Course Outline
2025-2026
- Pre-requisite(s)
- ACCT 10037 and ACCT 10038 and ACCT 10039
- Equivalencies
- N/A
- Prepared by
- Keri Nisbet
- Approved by
- Steven Way, Associate Dean
- Approval date
- Monday, September 1, 2025
- Normative hours
- 42.00
- Course level
- Integrational
| Applicable Program | Level | Core/Elective |
|---|---|---|
| 364 - Business Admin - Accounting | 6 | Core |
Course Description
Integrate knowledge and respond to real-life case scenarios of topics demonstrating competency in the related areas. Identify and analyze alternatives using tools to facilitate effective communication, time management, decision making and plan implementation.
Vocational Learning Outcomes
This course provides the opportunity for you to achieve the following outcomes:
364 - Business Admin - Accounting
| VLO 1 | Record financial transactions in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships, private enterprises, publicly accountable enterprises and non-profit organizations. (A, R) |
|---|---|
| VLO 2 | Prepare and present financial statements, reports and other documents in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships and private enterprises. (A, R) |
| VLO 3 | Contribute to strategic decision-making by applying advanced management accounting concepts. (A, R) |
| VLO 5 | Analyse and evaluate organizational structures and the interdependence of functional areas, and contribute to the development of strategies which positively impact financial performance. (A, R) |
| VLO 7 | Analyse and evaluate an organization's internal control system, taking risk management into account. (A, R) |
| VLO 8 | Contribute to strategic decision-making by applying advanced financial management concepts. (A, R) |
Essential Employability Skills
This course contributes to your program by helping you achieve the following Essential Employability Skills:
| EES 1 | Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfills the purpose and meets the needs of the audience. (A, R) |
|---|---|
| EES 5 | Use a variety of thinking skills to anticipate and solve problems. (A, R) |
| EES 6 | Locate, select, organize and document information using appropriate technology and information systems. (A, R) |
| EES 9 | Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals. (A, R) |
Course Learning Outcomes / Elements of Performance
When you have earned credit for this course, you will have demonstrated the ability to:
1. Analyze accounting related cases in written or presentation format.
- Use a case preparation method to provide recommendations in a time sensitive manner.
- Identify financial and business problems from a given case.
- Use information and judgement to solve problems and inform decisions.
- Identify financial reporting issues including adjusting entries.
2. Recommend alternatives for common and routine financial and managerial accounting issues in an integrative context.
- Perform financial statement analysis, ratio and trend analysis, profitability analysis, cost-volume-profit.
- Prepare pro forma statements, budgets, capital budgets.
- Apply cost management and analysis tools, auditing skills including risk analysis, audit planning and audit evidence, investing and risk management knowledge to an integrative case.
- Perform tax payable calculations in an integrative case.
- Apply information systems to resolve weaknesses within an accounting system.
3. Design a presentation to effectively communicate realistic and practical solutions for an accounting related case.
- Use effective reporting and presentation skills to document the results of the analysis conducted.
- Use effective verbal and non-verbal communication skills to present an analysis of an organization’s structure.
- Use presentation software to create a group presentation.
Pre-defined Evaluation / Earning Credit
The following list provides evidence of this course's learning achievements and the outcomes they validate:
Practical Project(s) (15%)
Validates Outcomes: CLO 1, EES 6
364 : VLO 5
Group Written Assignment(s) (15%)
Validates Outcomes: CLO 1, CLO 2, CLO 3, EES 1, EES 5, EES 6, EES 9
364 : VLO 1, VLO 2, VLO 3, VLO 5, VLO 7, VLO 8
Group Presentation(s) (60%)
Validates Outcomes: CLO 1, CLO 2, CLO 3, EES 1, EES 5, EES 6, EES 9
364 : VLO 1, VLO 2, VLO 3, VLO 5, VLO 7, VLO 8
Journal/Reflective Assignment(s) (10%)
Validates Outcomes: EES 1
Experiential Learning
| Type: | Capstone Projects |
|---|---|
| Description: | A cumulative activity in the final semesters of a program that is based significantly on knowledge and skills acquired in earlier course work. It involves a creative, iterative, and often open-ended process using problem-based learning to address a project challenge. Students spend a significant amount of time, working independently or in a team environment, throughout the semester and translate their results using written reports, oral presentations, or poster presentations. Projects can involve qualitative or quantitative research. |
| Hours: | 18.00 |
| Comments: | Case studies with hypothetical workplaces. |
| Type: | Industry or Community Project |
|---|---|
| Description: | Students work with an organization, business, or industry within a classroom setting to explore challenges or opportunities and develop solutions and/or strategies to respond to the identified challenges. |
| Hours: | 3.00 |
| Comments: | Work on financial reviews of agencies looking for funding with the United Way of Halton/Hamilton. Students review and evaluate financial statements and provide a summary for each agency as part of the funding application review process, and submit a reflection upon completion. |
Learning Resources
No text book is required, course material will be discussed in class.
Educational Technology
This course requires regular computer use. Students must use a word-processor when creating written
assignments. Hand-written or typed assignments will not be accepted. There may also be a requirement to use email or MyCanvas to submit assignments, and communicate with the professor and other students online.
Delivery Format
3 hours face-to-face or online, according to each week in Learning Plan.
Prior Learning Assessment and Recognition
Students who wish to apply for Prior Learning Assessment and Recognition (PLAR) need to demonstrate competency at a post-secondary level in all outlined course learning outcomes. Evidence of learning achievement for PLAR candidates includes:
- Performance Test
- Project/Assignment
Course Related Information
This course includes some weeks of independent work within groups, in lieu of class time.
Attendance and involvement in class learning is expected.
Program Information
College Related Information
Mohawk College is committed to creating a learning community where all students and staff experience a safe and respectful work and study environment. College policies and procedures respect individual rights and responsibilities, promote accountability, fairness and due process. Students are expected to familiarize themselves with Mohawk College's Policies and Procedures accessible through the College website https://www.mohawkcollege.ca/about-mohawk/leadership-and-administration/policies.
Mohawk College is committed to the implementation of Universal Design for Learning (UDL) in support of equity, inclusion and accessibility, as well as providing compliance elements for the Accessibility for Ontarians with Disabilities Act within the college community. Mohawk College courses will employ UDL principles and/or initiatives. For more information on the specific UDL elements included in this course, contact the educator. For more information review the UDL webpage at https://www.mohawkcollege.ca/centre-for-teaching-learning-innovation/teaching-effectively/universal-design-for-learning.
Students with permanent or temporary disabilities who require academic accommodations are encouraged to register with Accessible Learning Services (ALS). Documentation outlining the functional limitations of disability is required; however, interim accommodations pending receipt of appropriate documentation is possible. All documentation is kept confidential in the office of ALS. For more information review the ALS webpage at https://www.mohawkcollege.ca/accessible-learning-services, or contact ALS at als@mohawkcollege.ca or 905-575-2122. To learn more about UDL and accommodations review https://www.mohawkcollege.ca/accessible-learning-services/accommodations/accommodation-guides/communicating-use-of-accommodations-when-using-udl.
Students enrolled in Mohawk/McMaster collaborative programs are protected under McMaster University's policies and procedures outlined in General Academic Regulations, McMaster Undergraduate Calendar, and in McMaster's Academic Integrity Policy http://www.mcmaster.ca/academicintegrity/. Please be advised that all policies and procedures are subject to change.
This course may use online proctoring software for assessment(s) to uphold academic quality and maintain academic integrity where deemed required by the academic area. Additional information will be provided by the educator, in MyCanvas, if a remote proctoring tool is being used. Refer to Mohawk College’s Student Online Proctoring Guide to learn more at https://ats.mohawkcollege.ca/hc/en-ca/articles/30869042051220-Online-Proctoring-Guide. In addition, to maintain academic integrity student submissions may be assessed using Turnitin. To learn more review https://www.turnitin.com/.
A minimum grade of 50% is required as a course pass at Mohawk College. Please be aware, that a higher passing grade (minimum 60% or 70%) may be required if this course is taken as part of certain diploma or certificate programs. Consult the academic department for details. Additionally, if you are taking this course as part of a diploma or certificate program, be aware that you need an overall weighted grade point average (WGPA) of at least 60% to graduate. Graduation requirements are higher for some programs. Please check requirements with your department. For more information on program promotion and graduation requirements review https://www.mohawkcollege.ca/registration-and-records/grading-evaluation/grading-system.
Educators are required to review Emergency Lockdown procedures and Emergency Evacuation Procedures, including Evacuation and Lockdown procedures for students with disabilities, at the start of every course and each semester. Additional information is provided to educators in the College Emergency Safety and Security Procedures Booklet or online through Human Resources within MyMohawk.